Lighthouse Investment Partners LLC Purchases Shares of 80,000 HF Sinclair Corporation $DINO

Lighthouse Investment Partners LLC acquired a new position in shares of HF Sinclair Corporation (NYSE:DINO) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 80,000 shares of the company’s stock, valued at approximately $4,187,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Encompass Capital Advisors LLC bought a new position in shares of HF Sinclair in the second quarter valued at about $70,437,000. Invesco Ltd. boosted its holdings in shares of HF Sinclair by 104.3% during the 3rd quarter. Invesco Ltd. now owns 1,947,075 shares of the company’s stock worth $101,910,000 after buying an additional 994,090 shares during the period. Engineers Gate Manager LP grew its stake in HF Sinclair by 1,068.6% in the 2nd quarter. Engineers Gate Manager LP now owns 786,606 shares of the company’s stock valued at $32,314,000 after buying an additional 719,292 shares during the last quarter. Merewether Investment Management LP acquired a new position in HF Sinclair in the 3rd quarter valued at about $35,717,000. Finally, Norges Bank bought a new position in HF Sinclair in the 2nd quarter valued at about $25,531,000. 88.29% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DINO has been the subject of several research reports. Piper Sandler cut their price objective on shares of HF Sinclair from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Thursday, February 19th. Morgan Stanley set a $57.00 target price on HF Sinclair in a research report on Thursday, February 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of HF Sinclair in a research note on Monday, December 29th. Wall Street Zen cut HF Sinclair from a “strong-buy” rating to a “buy” rating in a report on Monday, January 19th. Finally, BMO Capital Markets decreased their price objective on HF Sinclair from $65.00 to $60.00 and set an “outperform” rating on the stock in a report on Monday, February 23rd. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, HF Sinclair currently has an average rating of “Hold” and a consensus price target of $58.73.

HF Sinclair Price Performance

Shares of HF Sinclair stock opened at $56.61 on Tuesday. HF Sinclair Corporation has a twelve month low of $24.66 and a twelve month high of $59.33. The company has a 50-day simple moving average of $52.86 and a two-hundred day simple moving average of $51.98. The stock has a market capitalization of $10.20 billion, a price-to-earnings ratio of 18.44 and a beta of 0.83. The company has a quick ratio of 0.90, a current ratio of 1.94 and a debt-to-equity ratio of 0.30.

HF Sinclair (NYSE:DINO) last released its quarterly earnings results on Wednesday, February 18th. The company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.83 by $0.37. The company had revenue of $6.46 billion during the quarter, compared to the consensus estimate of $6.19 billion. HF Sinclair had a net margin of 2.15% and a return on equity of 10.20%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the business earned ($1.02) earnings per share. Analysts forecast that HF Sinclair Corporation will post 2.39 EPS for the current year.

HF Sinclair Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 12th. Shareholders of record on Monday, March 2nd were issued a $0.50 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $2.00 annualized dividend and a yield of 3.5%. HF Sinclair’s payout ratio is currently 65.15%.

About HF Sinclair

HF Sinclair Corporation is a diversified energy manufacturing company engaged in the refining, marketing, and transportation of petroleum products across the United States. The company operates a network of refineries and processing facilities that convert crude oil and other feedstocks into fuels and specialty products. Its integrated model encompasses upstream supply agreements, midstream logistics, and downstream marketing channels, positioning HF Sinclair as a key supplier of refined products to wholesale and retail markets.

The company’s core product slate includes gasoline, diesel, jet fuel, and renewable fuels such as renewable diesel and biodiesel.